IBEX Limited (NASDAQ:IBEX) Short Interest Update

IBEX Limited (NASDAQ:IBEXGet Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 148,200 shares, a decrease of 11.5% from the May 15th total of 167,400 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 45,800 shares, the days-to-cover ratio is currently 3.2 days.

Hedge Funds Weigh In On IBEX

Several institutional investors have recently modified their holdings of IBEX. Barclays PLC increased its position in shares of IBEX by 15.9% in the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $154,000 after buying an additional 1,363 shares in the last quarter. Trexquant Investment LP raised its holdings in IBEX by 13.0% during the 3rd quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after buying an additional 2,085 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of IBEX by 6.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 40,925 shares of the company’s stock worth $632,000 after acquiring an additional 2,621 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of IBEX by 9.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock worth $577,000 after acquiring an additional 3,191 shares during the period. Finally, Victory Capital Management Inc. lifted its position in IBEX by 10.8% in the 4th quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock valued at $732,000 after acquiring an additional 3,750 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Price Performance

Shares of IBEX stock traded down $0.13 during midday trading on Tuesday, reaching $15.97. The company had a trading volume of 2,378 shares, compared to its average volume of 54,399. The company has a market capitalization of $274.91 million, a price-to-earnings ratio of 10.52 and a beta of 0.73. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $16.01. IBEX has a 1-year low of $11.45 and a 1-year high of $21.95.

IBEX (NASDAQ:IBEXGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The firm had revenue of $126.80 million during the quarter. IBEX had a return on equity of 20.23% and a net margin of 5.57%. During the same quarter in the previous year, the business earned $0.52 earnings per share.

Analyst Ratings Changes

IBEX has been the topic of several analyst reports. Robert W. Baird lowered their price target on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. TheStreet cut IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, IBEX currently has a consensus rating of “Hold” and a consensus target price of $19.20.

Read Our Latest Research Report on IBEX

IBEX Company Profile

(Get Free Report)

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.

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